Monthly Report No. 2/2017


Philipp Heimberger, Mario Holzner, Stefan Jestl, David Kiefer, Leon Podkaminer and Codrina Rada

wiiw Monthly Report No. 2, February 2017
44 pages including 29 Figures

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  • Graph of the month: Adjusted wage share in EU-CEE countries in 1995-2016, as % of GDP (p. 1)
  • Opinion corner: Is the falling wage share in most EU-CEE countries a symptom of the ‘race to the bottom’? (by Leon Podkaminer; pp. 2-3)
  • Globalisation and the ‘race to the bottom’: intended and unintended consequences (by Codrina Rada and David Kiefer; pp. 4-7)
  • Reducing unemployment in the euro area: What is the appropriate fiscal policy stance? (by Philipp Heimberger; pp. 8-15)
  • The economic role of railway networks – a historical perspective (by Stefan Jestl and Mario Holzner; pp. 16-19)
  • Recommended reading (p. 20)
  • Statistical Annex: Monthly and quarterly statistics for Central, East and Southeast Europe (pp. 21-42)


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Keywords: wage share, globalisation, inequality, fiscal policy, unemployment, euro area, railway networks

Countries covered: CEE, Europe, European Union, OECD

Research Areas: Macroeconomic Analysis and Policy, Labour, Migration and Income Distribution